I elected to move to 100% cash into the weekend, inside 12631, getting rid of everything, including my bond short with my main TBT entry in the $54-handle; I was fortunate to dump my TMKR long yesterday before today’s sell-off.
I took a few small losses in my MA short and recent short bond adds. I took off my REIT short basically for flat, and I closed out my AMZN SBUX shorts for the rest of those wins.
Sometimes, an audible at the line of scrimmage to wipe the slate clean and look for fresh entries next week makes sense when the market is flashing tons of mixed signals, as I believe this one is. Small caps are still quite weak, but dip-buyers are out in force in this afternoon in the S&P, Nasdaq, and bonds.
I wil give an objective look at the broad market over the weekend in my Weekly Strategy Session, available to 12631 Trading Service members at no additional cost. Be sure to check it out at a very reasonable price.
Have a great weekend and I will see you there!